xAI Cofounder’s River AI Raises $1.1 Billion With Nvidia and AMD on Board
Igor Babuschkin left Elon Musk’s xAI to build a company of his own. On Monday, investors lined up to pay for it. River AI, the startup founded by the xAI…
Sequoia’s New Stewards Raise $10 Billion and Call the Market a White Swan
Alfred Lin and Pat Grady have run Sequoia Capital for less than a year. They have already raised more money than any leadership team in the firm’s 54-year history. Sequoia…
Anthropic’s Amodei Courts Wary Investors Ahead of a Possible IPO
Dario Amodei has spent years describing artificial intelligence in the language of civilization, science and God. In private meetings with prospective investors this summer, the Anthropic chief executive has been…
Singapore Data-Center Operator DayOne Files Confidentially for $640 Million U.S. IPO
DayOne, the Singapore-based data-center operator, has confidentially filed with U.S. regulators for an initial public offering that could raise about $640 million, according to The Straits Times, the latest sign…
Oracle Wins $568 Million Cloud Contract From Homeland Security
Oracle has won a $568 million cloud-services contract from the Department of Homeland Security, according to GovCon Wire, the company’s largest federal win in years and a sign that the…
Nanya Technology Joins ASML’s EUV Customer Roster, Signaling a Shift
Nanya Technology, the Taiwanese DRAM maker long known for mature process nodes, is set to become the newest customer for ASML’s EUV lithography systems, according to Bits&Chips, a purchase that…
Google Overtakes Naver in South Korea Search for the First Time
Google’s share of South Korea’s search market has overtaken local champion Naver for the first time, according to Aju Press, a first in a market long considered the toughest test…
OpenAI Buys Back $7 Billion of Employee Stock at $852 Billion Valuation
OpenAI has repurchased roughly $7 billion of company stock from current and former employees, according to two people familiar with the matter, a move that gives insiders a payday while…
Anthropic, Bitcoin Miner Riot Strike $9.1 Billion AI-Compute Deal
Anthropic has agreed to a $9.1 billion deal with Riot Platforms, according to people familiar with the matter, the latest sign that AI labs are locking up computing capacity years…
Nvidia and Six Financial Giants Create $500 Billion AI-Compute Financing Platform
Nvidia on Tuesday said it has teamed up with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create an independent platform that aims to raise more than $500 billion…
